Debt Counselling

Introduced by the National Credit Act in June 2007, this formal process allows indebted individuals
to enter into a debt repayment programme with their creditors. By registering with a debt counsellor
you are acknowledging that you are over-indebted and are willing to adapt your lifestyle where
necessary to become debt free. This is not filing for bankruptcy.

The process allows clients to enter into a debt repayment plan, drawn up by a registered Debt
Counsellor, with their creditors and emerge debt free after a period of time.

Should you apply for debt counselling?

Are you being hounded by creditors?

Struggling to make your monthly debt repayments?

Would like to avoid bankruptcy?

Want to be debt free?

Do you qualify for debt counselling?

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The technical definition of being over-indebted according to the NCR is ‘if
taking all financial circumstances into consideration, a client is deemed to be unable to repay
their debts.’